Government Agriculture Loans
The US government offers 7
different agriculture related loans. We will give an overview
of each so you can figure out which agricultural loan is right
for you.
Commodity Marketing
Assistance Loans and Loan Deficiency Payments
This loan
program offers money to assist farmers in marketing
their commodity crops, which can help stabilize
and improve and farm revenues.
Farm Operating Loans
(Direct and
Guaranteed)
The FSA (Farm Service Agency) offers farm operation loans
to those who are temporarily unable to obtain private
or commercial credit lines. These loans can be used to buy
necessary farm-related operation items.
Farm Ownership Loans
(Direct and
Guaranteed)
The FSA can make FO (Farm Ownership) loans
to ranchers and farmers that temporarily cannot
obtain a loan from a bank, Farm Credit System institution, or
any other lenders because of financial hardship or
disasters.
Farm Storage Facility
Loans
Farm Storage
Facility Loans are used to construct on-farm grain storage
containers and help farmers change to identity preserved
handling and storage requirements for production that is
genetically enhanced.
Farmer and Rancher Interest
Assistance Program
This basic assistance program is used to offer a four percent
interest rate subsidy to ranchers and farmers who cannoy get
standard commercial credit. These loans are not made directly
from the government, but rather they are set up through various
commercial lenders.
Fisheries Finance
Program
The FFP (Fisheries Finance
Program) is a government loan program authorized by Congress
each year. It provides for long-term loans related to
aquaculture, commercial fisheries, and mariculture.
Rural Housing: Farm Labor
Housing Loans and Grants
This grant and loan program
basically provides money for the purchase, improvements, or
leasing of housing for legal, domestic laborers.
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